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Nov 22, 2012
11/12
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KQED
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economy on january 1, we examine whether congress and the white house can strike a deal to avoid going off the cliff. so be sure to join on us, we look at the impact of the cliff on jobs, how strategies for investors, and tom talks with mark mobius, the global investing guru. that's "nightly business report" for wednesday, november 21. happy thanksgiving everyone, and hope you have a great holiday too tom. >> tom: goodnight susie, we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com. there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follows us on our facebook page at bizrpt. and on twitter @bizrpt. >>> tonight on "quest" -- more than 70% of our world is covered with water, and most of that territory remains unexplored. see how the denizens of the deep are helping scientists understand more about their mysterious world.
economy on january 1, we examine whether congress and the white house can strike a deal to avoid going off the cliff. so be sure to join on us, we look at the impact of the cliff on jobs, how strategies for investors, and tom talks with mark mobius, the global investing guru. that's "nightly business report" for wednesday, november 21. happy thanksgiving everyone, and hope you have a great holiday too tom. >> tom: goodnight susie, we'll see you online at: www.nbr.com and back...
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Nov 21, 2012
11/12
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KTVU
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. >> they are hurting themselves and the other people, the drivers, the economy. i mean, keep on working. do what you can do. >> reporter: a spokesperson for the port said thanksgiving week is one of their busiest times of the year with trucks moving merchandise for the upcoming holiday season and yesterday's strike only mind the delays worse. but the spokesman told me operations at the port are slowly returning to normal. alex savidge, ktvu channel 2 news. >>> in about an hour, one suspect in a violent string of crimes last week will face a judge for the first time. 26-year-old jonathan wilbanks faces charges of murder, attempted murder and attempted robbery. he and another man still on the loose are accused of four robberies, a deadly attempted carjacking and a shooting that injured an officer friday night. the two were seen on surveillance video at the 7-11 where a man was shot and killed because he could not give up his car. a $20,000 reward is being offered for anyone with information leading to the arrest of the second man. >>> the heavy rain has moved out o
. >> they are hurting themselves and the other people, the drivers, the economy. i mean, keep on working. do what you can do. >> reporter: a spokesperson for the port said thanksgiving week is one of their busiest times of the year with trucks moving merchandise for the upcoming holiday season and yesterday's strike only mind the delays worse. but the spokesman told me operations at the port are slowly returning to normal. alex savidge, ktvu channel 2 news. >>> in about an...
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Nov 23, 2012
11/12
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FOXNEWSW
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americans are out of the work our national debt exceeds the size of the economy and threatens our children's future. as a mother of young children this is a condition stant worry as is the cost of the gas and. and yet today we will pray for those less fortunate and we'll think of servicemembers away from home and give thanks for them and their families. and our hearts will go out to the families still without power after hurricane sandy and wilelook ahead to the holidays and new year and that same service of optimism that brings us together today should inspire us all year round and why here in washington dc republicans reached out to president obama in the hope to help our economy grow and solve the debt that threatens our children's future. >> if a deal is not reached on the fiscal cliff tax cuts will expire on january 1st. back to black friday. unfortunately fights already breaking out. this was the scene in indianapolis a few hours ago. police were called in to break up fights. shoppers waited in line to receive vouchers for plasma tvs and learned that some of the people were selling vou
americans are out of the work our national debt exceeds the size of the economy and threatens our children's future. as a mother of young children this is a condition stant worry as is the cost of the gas and. and yet today we will pray for those less fortunate and we'll think of servicemembers away from home and give thanks for them and their families. and our hearts will go out to the families still without power after hurricane sandy and wilelook ahead to the holidays and new year and that...
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Nov 21, 2012
11/12
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KCSMMHZ
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such a situation is feared to trigger a plunge in the economy. panetta warned that defense spending will be subject to drastic cuts if lawmakers failed to reach a consensus. >> the worst thing that could happen from my perspective is that they just kick the can down the road. all that would wind up doing is continuing to present a shadow over the defense department and for that matter, the rest of government. >> the defense department is already planning to reduce its budget by about $500 billion over the coming ten years. panetta has voiced concern that further cuts could undermine barack obama's new defense strategy that lays more emphasis on the asia pacific region. >>> japanese officials are scratching their heads about how to deal with sluggish trade. sales to foreign countries have plunged leaving japan in a trade deficit for the fourth straight month. finance ministry officials released preliminary figures shortly before the markets opened. the deficit came in at $6.7 billion. exports fell by 6.5% from a year earlier. exports have fallen f
such a situation is feared to trigger a plunge in the economy. panetta warned that defense spending will be subject to drastic cuts if lawmakers failed to reach a consensus. >> the worst thing that could happen from my perspective is that they just kick the can down the road. all that would wind up doing is continuing to present a shadow over the defense department and for that matter, the rest of government. >> the defense department is already planning to reduce its budget by...
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Nov 23, 2012
11/12
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FBC
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the economy is booming. they are encouraging it to do so. they have got the recipe for growth that detroit lost her long ago. [talking over each other] >> they have held back the growth of the city -- dave: there are some cities i could point to where the mayors are not on the up and up but -- a city that had a lot of corruption, why can't he get the message? liz: they only hold back thirty million to hang over the head. we are going to hold back $30 million, i don't think that is enough of a push to get going. dave: if you think black friday is the best day to get deals think again. if you want to save money you should wait it out. find out why after the break. it is your money. dave: stocks are higher. the dow jones industrials are up about 88 points. it is a shortened trading session. market's close at 1:00. an informal session. traders are bringing their kids to the floor and volume is expected to be light but there are stocks making big moves. will get research in motion. they make a blackberry. high hopes for the new blackberry 10. we
the economy is booming. they are encouraging it to do so. they have got the recipe for growth that detroit lost her long ago. [talking over each other] >> they have held back the growth of the city -- dave: there are some cities i could point to where the mayors are not on the up and up but -- a city that had a lot of corruption, why can't he get the message? liz: they only hold back thirty million to hang over the head. we are going to hold back $30 million, i don't think that is enough...
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Nov 21, 2012
11/12
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FOXNEWSW
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so lock at that and think twice what they are doing and be thankful you have a job in the economy. >>eric: thank you for joining us today. forget the union threat, is the fiscal cliff a threat? doing a number on holiday shoppers? sandra, people are not shopping because they worried about the fiscal cliff, is this true? >>guest: they say they will change their habits. even if there is a deal goldman sachs saying consumers will be impacted but it is the thought of the so-called fiscal cliff that has consumers spooked. a study says half of u.s. adults say the impending cliff will impact their holiday shopping plans in some sort of way, and 18 percent of respondents say the fiscal cliff will have a large impact on their overall holiday spending this year. now, that being said, the sacrifices consumers will make over the holidays go far beyond the mall, we are talking about the sluggish economy, having an impact on other sacrifices that americans are making, their vacations, they have relied on relatives for air fare to get home and scoured the remember for travel deals to ensure they c
so lock at that and think twice what they are doing and be thankful you have a job in the economy. >>eric: thank you for joining us today. forget the union threat, is the fiscal cliff a threat? doing a number on holiday shoppers? sandra, people are not shopping because they worried about the fiscal cliff, is this true? >>guest: they say they will change their habits. even if there is a deal goldman sachs saying consumers will be impacted but it is the thought of the so-called fiscal...
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Nov 23, 2012
11/12
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FOXNEWSW
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it is a tough economy. they are trying to get ahead of each other. they want the extra market share. that is why we see shopping creep. it is not black friday anymore now it is black thursday. if the retailers can boost the sales by 1 percent over the holiday season that can make a difference between a good or lousy year. they are trying to lure the shoppers. the deals are not always that much better than online or another time of the year. >>gregg: thank you, rick. a deadly shooting testing the cease-fire between israel and hamas and now a new wrinkle, the latest from the middle east and how turmoil in egypt could shake things up. you think the black friday sales are good deals? think again. oh, let me guess --ou see this? more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the pr
it is a tough economy. they are trying to get ahead of each other. they want the extra market share. that is why we see shopping creep. it is not black friday anymore now it is black thursday. if the retailers can boost the sales by 1 percent over the holiday season that can make a difference between a good or lousy year. they are trying to lure the shoppers. the deals are not always that much better than online or another time of the year. >>gregg: thank you, rick. a deadly shooting...
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Nov 21, 2012
11/12
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bernanke said going over the cliff would pose a substantial threat to the economy. >>> hewlett-packard stunned the markets after alleging an accounting scandal at its british software unit would cost the company $8 billion. hp stock plummeted 12% on tuesday. then there's the fate of the twinkie. it's not looking good. >> oh, no. >> hostess brands will proceed with a plan to go out of business after last-minute talks with striking workers broke down yesterday. the company and bakers union had entered mediation in an effort to try to save over 18,000 jobs. >>> president obama is calling on congress to follow the example set by former u.s. senator warren rudman of new hampshire who called for bipartisanship during his time in washington. he passed away on monday from complications from lymphoma. he warned against large federal deficits and was a fierce critic of the reagan administration in the 1980s iran-contra affair. >> the american people have the constitutional right to be wr g wrong. and what ronald reagan thinks or what oliver north thinks or what i think or what anyone else thinks
bernanke said going over the cliff would pose a substantial threat to the economy. >>> hewlett-packard stunned the markets after alleging an accounting scandal at its british software unit would cost the company $8 billion. hp stock plummeted 12% on tuesday. then there's the fate of the twinkie. it's not looking good. >> oh, no. >> hostess brands will proceed with a plan to go out of business after last-minute talks with striking workers broke down yesterday. the company...
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Nov 23, 2012
11/12
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KNTV
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were on course for their best gains in two months after manufacturing surveys of the world's biggest economies raised hopes for improving global growth. >>> facebook wants to stop letting users vote on changes to its privacy policies. the social network is concerned about the quantity versus quality of feedback generated by the current setup. the company says users will still be able to weigh in during a seven day comment period. >>> and the u.s. post office is hoping to cash in on the season's bounty of online shopping with same day package delivery. the expedited service will be tested in san francisco next month and if it's successful the program will expand to other big cities like boston, new york and chicago. >>> some incredible sports highlights are straight ahead, plus just 12 short years ago it was billed as the tallest and fastest wooden coaster, but now no more. we're going to tell you why. >>> weekend forecast is definitely talking about the big chill. all those details coming up. you're watching "early today." >>> well, good morning. some other stories making news across america n
were on course for their best gains in two months after manufacturing surveys of the world's biggest economies raised hopes for improving global growth. >>> facebook wants to stop letting users vote on changes to its privacy policies. the social network is concerned about the quantity versus quality of feedback generated by the current setup. the company says users will still be able to weigh in during a seven day comment period. >>> and the u.s. post office is hoping to cash...
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Nov 25, 2012
11/12
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KPIX
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. >> reporter: from what i've seen the economy is picking up but most small business owners i talked to wish that small business saturday could be every day. reporting from burling game, patrick sedillo, cbs 5 early edition. >>> president obama and his daughters celebrated small business saturday by shopping at the independent bookstore. mr. obama, sasha and malia did christmas shopping in arlington, virginia. the president apparently looked up a title on the checkout counter and bought 15 children's books that will given to family members. >>> one man's convenience is another man's annoyance. people in one town were upset with a neighborhood 7/11 being opened at all hours so they took them to court. and won. but cbs 5 reporter christin ayers explains the fight isn't over yet. >> reporter: it started two and a half years ago. this fairfax convenience store that was supposed to be open from -- well, 7:00 to 11:00 open 24/7. >> come out on your front porch and you see them. >> reporter: you might have guessed the couple who lives next door wasn't exactly saying oh thank heaven. >> ther
. >> reporter: from what i've seen the economy is picking up but most small business owners i talked to wish that small business saturday could be every day. reporting from burling game, patrick sedillo, cbs 5 early edition. >>> president obama and his daughters celebrated small business saturday by shopping at the independent bookstore. mr. obama, sasha and malia did christmas shopping in arlington, virginia. the president apparently looked up a title on the checkout counter and...
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Nov 22, 2012
11/12
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KGO
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. >>> we turn to the economy now, and some good news tonight for americans and their 401(k)s heading into thanksgiving. wall street ended the shortened holiday trading week on a two-week high, in fact. the dow closing at nearly 13,000. the fourth day of gains now, helped by that truce in the middle east this afternoon. wall street now hoping shoppers will provide the next boost to the economy, black friday now approaching. >>> there is still much more ahead on "world news" this wednesday night. on this night of travel in america, we take you inside the airplane of the future. a jet that erases jet lag? two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. i have a cold, and i to
. >>> we turn to the economy now, and some good news tonight for americans and their 401(k)s heading into thanksgiving. wall street ended the shortened holiday trading week on a two-week high, in fact. the dow closing at nearly 13,000. the fourth day of gains now, helped by that truce in the middle east this afternoon. wall street now hoping shoppers will provide the next boost to the economy, black friday now approaching. >>> there is still much more ahead on "world...
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Nov 21, 2012
11/12
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CSPAN
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i have no economy. the only way to change that dynamic, in my urban neighborhood, is to have a more educated population. you have got these city leaders who realize their economy is eroding with every kid who dropped out. if he allowed the same to go in place, does anyone believe it wouldn't affect the dropout rate? >> you talk about foreign competition in china and india getting ahead of us. is the model we have in place for teaching our kids that was built in the industrial age sufficient for the information age? >> that is a softball question. [laughter] >> realisticalno. when we built as education system, summers were also taken work on farms. that is why we have the schedule. when we put that system in place, there were no cars, planes, were electric lights. computers, on and on. we have anline is over allegiance to the system based on the stock to a. my mother went to the school. my grandmother went to the school. you cannot close the school. 95% students were failing and parents were still fighti
i have no economy. the only way to change that dynamic, in my urban neighborhood, is to have a more educated population. you have got these city leaders who realize their economy is eroding with every kid who dropped out. if he allowed the same to go in place, does anyone believe it wouldn't affect the dropout rate? >> you talk about foreign competition in china and india getting ahead of us. is the model we have in place for teaching our kids that was built in the industrial age...
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Nov 24, 2012
11/12
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KGO
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economists hoping all the shopping you just saw will provide the next boost to the economy. >>> and to a developing story now out of new england tonight. an explosion in springfield, massachusetts. this camera capturing the explosion right when it happened. two buildings flattened, sending a huge cloud of dark smoke into the air. right now, it appears a natural gas leak could be the cause. we're told the impact could be felt miles away. >>> to the weather now and to two real signs of what's come to. snow in michigan this evening at this college football game between northern illinois and eastern michigan. all part of a massive storm gathering steam. and the other headline? the plummeting temperatures. so, we bring in abc mrng jinger see. that system with all the snow, that's on the move tonight? >> reporter: that is. and, you know, we're going to drop off a little bit on the east coast, temperature wise but we're not going to get the snow. in places up in northern wisconsin, northern michigan, already 8 to 12 inches. let's see where that lake effect snoet moves now. still going to get
economists hoping all the shopping you just saw will provide the next boost to the economy. >>> and to a developing story now out of new england tonight. an explosion in springfield, massachusetts. this camera capturing the explosion right when it happened. two buildings flattened, sending a huge cloud of dark smoke into the air. right now, it appears a natural gas leak could be the cause. we're told the impact could be felt miles away. >>> to the weather now and to two real...
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Nov 22, 2012
11/12
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FOXNEWSW
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the table, the president's health care law coming from folks saying it's such a huge driver of the economy if fully implemented it has to be up for negotiation. house speaker john boehner wrote an op-ed. the president's health care law, massive expensive unworkable at a time when the national debt sees the size of our economy, and we can't afford it and we can't afford to leave it intact and clear that the law has stay on the table as both parties discuss ways to solve our nagsal debt challenge. where is it going. >> nowhere, he's right about everything he writes about, but it's a disaster, no way it's going to be stopped. it was an issue that the country decided this election, obama staked a claim and he won. the supreme court was the only other way it was going to be stopped. it wasn't stopped, it's not going to be stopped now. and the idea that to oversight committees in the house could stop this is absurd. look, i think it's right. it's going to be disastrous and should be cut back or dismantled, but elections have consequences and this is one. so, i think it's not on the table and rep
the table, the president's health care law coming from folks saying it's such a huge driver of the economy if fully implemented it has to be up for negotiation. house speaker john boehner wrote an op-ed. the president's health care law, massive expensive unworkable at a time when the national debt sees the size of our economy, and we can't afford it and we can't afford to leave it intact and clear that the law has stay on the table as both parties discuss ways to solve our nagsal debt...
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Nov 22, 2012
11/12
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MSNBCW
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that's going to be good for the economy. we'll wait to see in january whether people sort of, you know, pull back a little bit. but in general, i think it is safe to say even if christmas isn't the most efficient way to do spending, it still gets the job done. >> but the ugly part i think we'll have video on the show tomorrow that will exactly reiterate what you're saying. happy thanksgiving. >>> some americans are going to the movies after the turkey is finished. is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearly indestructible laptops, and the sustainable smart towns of the future. at panasonic, we're driven to make what matters most better. just another way we're engineering a better world for you. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're b
that's going to be good for the economy. we'll wait to see in january whether people sort of, you know, pull back a little bit. but in general, i think it is safe to say even if christmas isn't the most efficient way to do spending, it still gets the job done. >> but the ugly part i think we'll have video on the show tomorrow that will exactly reiterate what you're saying. happy thanksgiving. >>> some americans are going to the movies after the turkey is finished. is what drives...
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Nov 22, 2012
11/12
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KTVU
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economy went down, and his business went up, and his business went down. but the truth is, these days, no one has to be dictated by your own local economy. you can do business all over by being online. and there are so many more tools available that allow you to run your business. so, my dad ran his business by himself. if he didn't know something, he didn't know something. today what would you do? you would go online. you would go to a score counselor, you would find some help. it really is an amazing time. i don't mean to sound pollyannaish, but to me this is an amazing time to be in business. > > what's the most popular question you get from small business owners? > > i guess the question i get most often has to do with social media. "how do we make it pay off for our small business?" because the thing is, people can spend too much time on social media, or, on the other hand, not use it at all. and what i tell people is, follow your customers. if they're on facebook, then you need to be on facebook. but you don't need to be on every social media site as
economy went down, and his business went up, and his business went down. but the truth is, these days, no one has to be dictated by your own local economy. you can do business all over by being online. and there are so many more tools available that allow you to run your business. so, my dad ran his business by himself. if he didn't know something, he didn't know something. today what would you do? you would go online. you would go to a score counselor, you would find some help. it really is an...
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Nov 22, 2012
11/12
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KPIX
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. >> pelley: if we go over the fiscal cliff, as it's called, what happens to the economy? >> look, if we go over the fiscal cliff, it will be very bad, hugely negative for the stock market, which is a source of people's wealth. people will feel poorer. if we go over for a short period of time and adjust it, we can repair some of those things. but what you won't repair is people's attitudes towards the united states as a responsible debtor. and that's very important. if we show that we're so irresponsible that we can't manage our affairs, people have no recourse but to invest with us today but they're going to work awfully hard to find alternatives very quickly. >> pelley: lloyd blankfein is among the world's most influential bankers, but he rarely does interviews. goldman sachs is the most successful investment bank on wall street with earnings last year of $4.4 billion. washington playing with fire? >> yes. yes. washington is playing with fire, and you don't get-- it's not like a football game where you get the two-minute warning. they don't-- you know, they don't tell yo
. >> pelley: if we go over the fiscal cliff, as it's called, what happens to the economy? >> look, if we go over the fiscal cliff, it will be very bad, hugely negative for the stock market, which is a source of people's wealth. people will feel poorer. if we go over for a short period of time and adjust it, we can repair some of those things. but what you won't repair is people's attitudes towards the united states as a responsible debtor. and that's very important. if we show that...
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Nov 22, 2012
11/12
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FBC
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the economy is not moving along very well. the discussions will not resolve the fundamental problem from exploding entitlements and mammoth increase in spending imposed on america and now want americans to validate, that is why they are not investing. melissa: it is so true. a timed everybody blamed the weather. unseasonably cold or hot. this all makes me pretty depressed and makes me feel like the economy will not get better anytime soon. >> by reelecting barack obama, he will not create jobs for them. we have seen for years worth of his tricks, and what have you dy talk about doing besides raising taxes. more jobs creation programs. it seems like stimulus. why would $1 trillion of stimulus not work? it does not make any sense to me. melissa: america will not roll over and play dead. the election is over, small business is not going to just hang it up, roll on the sidewalk and call it a day. we have to find a way to be resilient. what we find a way to work it out anyway? >> we will in time but businesses a being conservative
the economy is not moving along very well. the discussions will not resolve the fundamental problem from exploding entitlements and mammoth increase in spending imposed on america and now want americans to validate, that is why they are not investing. melissa: it is so true. a timed everybody blamed the weather. unseasonably cold or hot. this all makes me pretty depressed and makes me feel like the economy will not get better anytime soon. >> by reelecting barack obama, he will not create...
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Nov 22, 2012
11/12
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MSNBCW
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. on black friday, it doesn'ty bird...or matter,liest bird? as long as we end up here at 5 a.m., or at homedepot.com, starting thursday. where prices have been cut, chopped, and sanded... on the most powerful tools that cut. ...chop... ...and sand. so we, or somebody on our list, can do the same. more saving. more doing. that's the power of the home depot. the early bird gets a special buy on a ryobi two-piece lithium-ion kit, just $99. [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. >>> 15,000 hostess works are out of a job on thanksgiving, a bankruptcy court jud
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. on black friday, it doesn'ty bird...or matter,liest bird? as long as we end up here at 5 a.m., or at homedepot.com, starting thursday. where prices have been cut, chopped, and sanded... on the most powerful tools that cut. ...chop... ...and sand. so we, or somebody on our list, can do the same. more saving. more doing....
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Nov 21, 2012
11/12
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CURRENT
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when pollution happened and when we heard the economy -- we hurt the economy or lives of people. fracking has consequences. whether it is aquifer consequences environmental consequences property right consequences. i think it needs a much more thorough independent oversight. you know. states want it because it creates revenue. but there is a consequence at the end of it and i -- i really believe that if we let the e.p.a. do its job let them present the information, that would be best for the american people. >> eliot: one of the things about fracking is that the consequences do not respect or own or know what state lines are. if they're seismic as you pointed out. should be a federal set of rules that would be done properly then we would see where it takes us. congressman raul grijalva, thank you for your time and have a great thanksgiving. >> thank you eliot. >> eliot: bad news for news corp. robbery charges last land dangerously close to rupert murdoch. that's ahead on "viewpoint." enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept suppre
when pollution happened and when we heard the economy -- we hurt the economy or lives of people. fracking has consequences. whether it is aquifer consequences environmental consequences property right consequences. i think it needs a much more thorough independent oversight. you know. states want it because it creates revenue. but there is a consequence at the end of it and i -- i really believe that if we let the e.p.a. do its job let them present the information, that would be best for the...
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Nov 27, 2012
11/12
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FBC
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a better idea in this economy, and everyone should know that. number three, the president who claims he must have a balanced approach only talks about raising taxes. this to be asking a question, what spending cuts are you offering along with this request for tax increases? and let's see a real plan. that is the discussion we need to have not negotiating on taxes lou: and to his credit, the speaker has been -- well, he has not been heard from. it seems somehow the preferred course to watching senators gramm and mccain and chambliss, for crying out loud, out there making all sorts of noises. lou: in that -- the media does love to cover them because in the end -- lou: i'm not complaining. but in the end, what is really growing -- going on, the white house is going to have to get to deal. that is going very slowly. little progress, but those are the players that matter. the noise from the side shows is just the only thing to cover at the moment. >> let me ask you, at any reason and this possibility that the president is actually insisting on tax cu
a better idea in this economy, and everyone should know that. number three, the president who claims he must have a balanced approach only talks about raising taxes. this to be asking a question, what spending cuts are you offering along with this request for tax increases? and let's see a real plan. that is the discussion we need to have not negotiating on taxes lou: and to his credit, the speaker has been -- well, he has not been heard from. it seems somehow the preferred course to watching...
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Nov 24, 2012
11/12
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but if you look at the composition of the economy, it's better. once real estate turns and auto manufacturing is picked up rather dramatically over the last couple of yooers, you have two engines of growth in the u.s. economy that are typically strong. you get three more ancillary jobs for every job in real estate. in construction, additional work, as well. so that could be a big tail wind for the economy next year rather than a head wind. >> thank you very much for sharing. >> good to see you, alex. >> that's a wrap of this hour "weekends with alex width." straight ahead, more smart political talk with "up with chris hayes" more to come on msnbc. try charmin ultra strong. with a new duraclean texture, it helps you get clean. plus it's four times stronger than the leading value brand. and you can use up to four times less. charmin ultra strong. hurry in this saturday and sunday for great deals. like the lucid by lg, free. or the galaxy nexus by samsung, free. this weekend, get the best deals on the best devices on the best network. exclusively at
but if you look at the composition of the economy, it's better. once real estate turns and auto manufacturing is picked up rather dramatically over the last couple of yooers, you have two engines of growth in the u.s. economy that are typically strong. you get three more ancillary jobs for every job in real estate. in construction, additional work, as well. so that could be a big tail wind for the economy next year rather than a head wind. >> thank you very much for sharing. >> good...
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Nov 21, 2012
11/12
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FBC
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that may be a very slow economy. maybe. >> i think you will see a continued decline in the consumption of just edible entertainment. as more diagnoses come in for diabetes and more informed parents come along, they are not putting twinkies in their kids' lunchboxes anymore. it's not going to happen. i think you will see companies diversify. you have see nestle not just sell candy but also diabetes bars and drinks. that's what you are going to see. stuart: do you still take a 3 mile run every morning before you eat anything? >> i absolutely run before i eat, absolutely. stuart: how many calories do you consume per day roughly? >> i'm not an absolute calorie counter. it probably comes in around 17, 1800 calories. stuart: that much? >> oh, yeah, because i run so i get to have treats. stuart: i thought you'd live like to 120 if you restrict a thousand calories a day. >> i don't restrict myself. i keep an eye on what i eat. i don't know how to react, stuart. i don't know what to do when you are giving me all this love, st
that may be a very slow economy. maybe. >> i think you will see a continued decline in the consumption of just edible entertainment. as more diagnoses come in for diabetes and more informed parents come along, they are not putting twinkies in their kids' lunchboxes anymore. it's not going to happen. i think you will see companies diversify. you have see nestle not just sell candy but also diabetes bars and drinks. that's what you are going to see. stuart: do you still take a 3 mile run...
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Nov 25, 2012
11/12
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CNNW
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call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. so i brought it to mike at meineke. we gave her car a free road handling check. i like free. free is good. my money. my choice. my meineke. >>> welcome back to cnn sunday morning. i'm randi kaye. here are some of the stories that we're watching right now. today is expected to be one of the busiest travel days of the year. pack some patience. nearly 2.5 million thanksgiving holiday travellers will be catching a flight back home. millions more will be on the road. triple-a projecting 43.6 million americans are traveling during this long holiday weekend. that is, three million more than last year. >>> in washington one person is in critical condition after being injured in a fire at the state department. three others were also hurt. it's unmn what actually sparked the fire. it seemed to have started many some duct work. construction crews working in the building put it out. >>> a big animal rescue operation out of tennessee now. in fa
call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. so i brought it to mike at meineke. we gave her car a free road handling check. i like free. free is good. my money. my choice. my meineke. >>> welcome back to cnn sunday morning. i'm randi kaye. here are some of the stories that we're watching right now. today is expected to be one of the busiest travel days of the year. pack some patience. nearly 2.5 million...
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Nov 21, 2012
11/12
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FBC
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david: what does this mean for our economy? >> we still depend a lot on chinese imports, companies like caterpillar. >> what it means is that we are counting on china as an export market for our companies, like caterpillar, and i don't think we will be able to do that because chinese consumers won't have the ability to go out and buy. also because conservatives will try to shut out foreign companies in the chinese market. they have been trying to do that since the middle of 2006. they have also been going after the private entrepreneurs who are very productive. what they are doing is getting rid of the best elements of the chinese economy, and they are trying to weber state owned enterprises, which are really the worst. david: what techniques they used to keep our companies out? >> the first thing they did in 2006, he saw this with microsoft and goldman sachs, they prevented takeovers. and they have been trying to make sure that foreign companies have to surrender technology, and all sorts of these types of little techniques. a
david: what does this mean for our economy? >> we still depend a lot on chinese imports, companies like caterpillar. >> what it means is that we are counting on china as an export market for our companies, like caterpillar, and i don't think we will be able to do that because chinese consumers won't have the ability to go out and buy. also because conservatives will try to shut out foreign companies in the chinese market. they have been trying to do that since the middle of 2006....
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Nov 21, 2012
11/12
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KQED
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i will say it is the economy. some will say neighborhood conditions, the families and schools. that is just confirming our own biases. we are often talking past each other. it just feels like people calling in, the same talking points of people being oppressed or lazy. i want to change because it should push them from that c aring. tavis: the science tell us -- what does science tell us about that? dr. the biggest impact is the biology of stress, the way that when kids grow up around stress that is chronic and intense, it gets under the skin and alaska lifetime. it affects the kind of skills that matter so much. the other set of research that is important is about connections with parents. when kids are able to form close bonds with a parent, how they are somewhat protected from that. when you find kids that are able to make that jump out of poverty, whether a parent or somebody else is able to help them. all that plays out in schools, when you have neighborhoods with concentrated poverty, that means there will be more conflict or about the stress. tavis: what is the data sayin
i will say it is the economy. some will say neighborhood conditions, the families and schools. that is just confirming our own biases. we are often talking past each other. it just feels like people calling in, the same talking points of people being oppressed or lazy. i want to change because it should push them from that c aring. tavis: the science tell us -- what does science tell us about that? dr. the biggest impact is the biology of stress, the way that when kids grow up around stress...
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Nov 27, 2012
11/12
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egypt and the poor economy for quite some time and it is degrading. we see tourism plummet, and there is no hope of that coming back anytime soon. we don't see any real industrial activity in egypt. we see a very inefficient agricultural sector. a lot of things are wrong with the egyptian economy, and unfortunately president more see in the muslim brotherhood are focused on an agenda of distribution, redistribution of wealth and the welfare state which is just not a prescription for economic succes in the short term i think he is trying to shore up his power by taking some power back from the judiciary. then he will try to appeal to the poorest egyptians by redistributing. melissa: he better do that quick. don't want to run at a time without asking you about david's slang. a lot of made -- a lot was made of the iron dome. the net cost to israelis to shoot down one rocket is somewhere between $50,150,000. at the same time, you know, the moss is being supplied with rockets that are a few thousand dollars. you can see if this was just a battle of money t
egypt and the poor economy for quite some time and it is degrading. we see tourism plummet, and there is no hope of that coming back anytime soon. we don't see any real industrial activity in egypt. we see a very inefficient agricultural sector. a lot of things are wrong with the egyptian economy, and unfortunately president more see in the muslim brotherhood are focused on an agenda of distribution, redistribution of wealth and the welfare state which is just not a prescription for economic...
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Nov 22, 2012
11/12
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jobs are good for the economy. spending is good for the economy. but whether we can maintain that, whether a deal can be reached on that cliff remains to be seen. we could see of the u.s. fall into recession. hopefully that won't be the case. hopefully, you know, a deal will be reached and we can move forward. >> that's probably the most pressing issue right now. morgan, thank you for bringing us up to date on the retail angle. >>> coming up, health care hang-ups, as major ceos try to circumvent the president's health care law. and who will run in 2016. contenders are already jockeying for position. we want to know what you're thankful for this thanksgiving, so send us a tweet at #why i'm thankful. [ fishing rod casting line, marching band playing ] [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. ♪ don't know what i'd do
jobs are good for the economy. spending is good for the economy. but whether we can maintain that, whether a deal can be reached on that cliff remains to be seen. we could see of the u.s. fall into recession. hopefully that won't be the case. hopefully, you know, a deal will be reached and we can move forward. >> that's probably the most pressing issue right now. morgan, thank you for bringing us up to date on the retail angle. >>> coming up, health care hang-ups, as major ceos...
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Nov 22, 2012
11/12
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it is a green business that boosts the local economy but as long as it goes against the unspoiled nature of the preserve... that is why i am spending the time working on all of the decision ahead of me. >> he has hinted he is likely to make that decision sooner. >>> mcfarland pled no contest in the august burglary. he admitted to taking the apple founder's driver's license and admitted burglarizing several other homes and he will be sentenced in january. >>> the suspect is being held without bail. jonathan dawson appeared in court yesterday in shackles. he and other men are accused of a string of armed robberies including the shooting death of a man. dawson is scheduled to come to court next month to enter a plea. >>> a worker hurt himself while cleaning the roof of space mountain. the man was in a harness when he slipped and slid 20 feet down that roof yesterday morning. he stopped after hitting a barricade at the bottom of that roof but it took firefighters 45 minutes to rescue him. he broke his leg, and possibly some ribs. >>> deep trying turkeys has become impossible but very dangero
it is a green business that boosts the local economy but as long as it goes against the unspoiled nature of the preserve... that is why i am spending the time working on all of the decision ahead of me. >> he has hinted he is likely to make that decision sooner. >>> mcfarland pled no contest in the august burglary. he admitted to taking the apple founder's driver's license and admitted burglarizing several other homes and he will be sentenced in january. >>> the suspect...
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Nov 24, 2012
11/12
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he wants to destroy the economy? who will allow that increase to devastate the economy? lou: a good point*. nobody talks about the fact that individual top -- checks payments federal receipts has risen over the last few years that the answer is broken i went to see how they talk to each other. there is a sense of helplessness that is palpable because i don't believe the congress feels it has the strength to penetrate the veil of denial , and secrecy that is this administration over the last nine weeks and he called for the special prosecutor. >> that's right. attorney general house to do it. >> eric holder says congressman you have a splendid idea. we will investigate ourselves. >> if he does not a point* a special prosecutor then what you have is the very people who floated the idea of general petraeus for adultery in the military. there is all kinds of pressure. lou: you don't thiik it is a coincidence coming down on david petraeus head against the issue it -- issues of the administration? >> exactly. i love your sarcasm. that is the problem. we have the purse strings
he wants to destroy the economy? who will allow that increase to devastate the economy? lou: a good point*. nobody talks about the fact that individual top -- checks payments federal receipts has risen over the last few years that the answer is broken i went to see how they talk to each other. there is a sense of helplessness that is palpable because i don't believe the congress feels it has the strength to penetrate the veil of denial , and secrecy that is this administration over the last...
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Nov 25, 2012
11/12
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and as a consequence they'll have less money to spend and the economy will take a tumble. we'll start to see more layoffs. >> okay. certainly not a rosy picture. >> no, not something we want to happen. >> peter morrissey, thanks so much. are you optimistic? >> i think they'll make a deal. yeah i think we'll get there. >> okay, all right. that's a good way of ending it. for a second i got depressed. peter morrissey, thanks so the much, good to see you. >> nice to see you. >>> it is something never seen before. a north korean spy's tools of the trade. weapons that you would never guess would kill you in an instant. we've got the exclusive pictures. >>> a rhinestone cowboy rides off into the sunset. but not before one last concert. what is that? it's you! it's me? alright emma, i know it's not your favorite but it's time for your medicine, okay? you ready? one, two, three. [ both ] ♪ emma, emma bo-bemma ♪ banana-fana-fo-femma ♪ fee-fi-fo-femma ♪ em-ma very good sweety, how do you feel? good. yeah? you did a really good job, okay? [ female announcer ] to nurses everywh
and as a consequence they'll have less money to spend and the economy will take a tumble. we'll start to see more layoffs. >> okay. certainly not a rosy picture. >> no, not something we want to happen. >> peter morrissey, thanks so much. are you optimistic? >> i think they'll make a deal. yeah i think we'll get there. >> okay, all right. that's a good way of ending it. for a second i got depressed. peter morrissey, thanks so the much, good to see you. >> nice...
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Nov 26, 2012
11/12
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FBC
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this really gives you a clue as to what is happening in the economy. we are expecting those numbers to be down. melissa: a little bit of a rebound bit -- maybe if. melissa: here is what is "money" tonight. warren buffett's plans tax hike critics claiming that higher rates would not put a freeze on investing. is the oracle of omaha having of false prophecy? 220 men join us with the reaction. egyptian president makes a power grab that could make a feral blush. violent protests break out. will they bring mideast turmoil to new heights? one of the reasons top experts. getting a pink slip for not getting a flu shot. one employer fires all workers refusing to get the flu vaccine. is it legal? could more businesses follow suit? if even when they say it's not, it's always about "money." ♪ melissa: first, let's take a look at the day's market headlines. fiscal cliff years made a comeback and strong retail sales are not enough to offset the concern. the dow closed down 42 points. facebook shares some other best in four months. two formerly bearish analysts upg
this really gives you a clue as to what is happening in the economy. we are expecting those numbers to be down. melissa: a little bit of a rebound bit -- maybe if. melissa: here is what is "money" tonight. warren buffett's plans tax hike critics claiming that higher rates would not put a freeze on investing. is the oracle of omaha having of false prophecy? 220 men join us with the reaction. egyptian president makes a power grab that could make a feral blush. violent protests break...
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Nov 26, 2012
11/12
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CSPAN
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economy to full employment? some come from the housing sector. previous recoveries have been associated with a vigorous rebound in housing as rising incomes and a decline mortgage interest rates have led to sharp increases in the demand for homes. but the housing bubble and its aftermath have made this episode quite different. in the first half of the past decade, both housing prices and construction rose to unsustainable levels, leading to a subsequent collapse. house prices declined almost one-third nationally from 2006 until early this year. construction of single-family homes fell by two-thirds and the number of construction jobs decreased by nearly one-third. the associated surge in delinquencies on mortgages helped to trigger the financial crisis. recently, home prices and construction have moved up. these developments are encouraging and it seems likely that residential investment will be a source of economic growth and new jobs over the next couple of years. however, welt historical low mortgage interest
economy to full employment? some come from the housing sector. previous recoveries have been associated with a vigorous rebound in housing as rising incomes and a decline mortgage interest rates have led to sharp increases in the demand for homes. but the housing bubble and its aftermath have made this episode quite different. in the first half of the past decade, both housing prices and construction rose to unsustainable levels, leading to a subsequent collapse. house prices declined almost...
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Nov 21, 2012
11/12
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FBC
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you can ask how has the economy thabeen doing the last couple of weeks they don't feel quite as good as they did a couple of months ago. a lolove that is the equity mar. melissa: the fiscal cliff is probably symbolic that this idea that we have the same people in washington sitting there agreeing about nothing and getting nothing done and whether it is the fiscal cliff specifically for the economy in general, these people are there doing nothing, still they're the ones who helped get us into this mess. now they are back. let me ask you about one more thing. we keep hearing about companies like wal-mart paying dividends before the end of the year, realizing dividend taxes will go up, people can click ahead of time, same thing we are hearing about bonuses. it is easy to pay somebody their bonus december 25 of january 2 depending on the tax treatment. do you think that is going to impact gdp in the fourth quart quarter, that there is just a lot more cash realized, like mark peabody and we see a decline in the first quarter because of that, or not? >> the pull forward effects. that is so
you can ask how has the economy thabeen doing the last couple of weeks they don't feel quite as good as they did a couple of months ago. a lolove that is the equity mar. melissa: the fiscal cliff is probably symbolic that this idea that we have the same people in washington sitting there agreeing about nothing and getting nothing done and whether it is the fiscal cliff specifically for the economy in general, these people are there doing nothing, still they're the ones who helped get us into...
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Nov 28, 2012
11/12
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KCSM
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but might drag the global economy into recession. as for japan, the oect downgraded the outlook from 1.5% to 0.7%. they cited weak domestic demand. analysts urged the nation to compile detailed reliable plans for fiscal reform. u.s. consumer sentiment hit the highest level in more than four and a half years. researchers at analytics form the conference board say the consumer confidence index rose for a third straight month. the numbers rose to 73.7 in november, up from 73.1 in october. that's against a base value of 100 set in 1985. they say that the christmas shopping season started smoothly last weekend and the analysts are still concerned about the impact the fiscal cliff may have on consumer sentiment. the index is a key indicator of recovery and consumer spending which accounts for 70% of u.s. gross domestic product. now let's get a check on the markets. japanese stock prices are trading lower after four straight days of gains in the nikkei average is currently down half a percent at 9,375. now, investors are taking profits on a
but might drag the global economy into recession. as for japan, the oect downgraded the outlook from 1.5% to 0.7%. they cited weak domestic demand. analysts urged the nation to compile detailed reliable plans for fiscal reform. u.s. consumer sentiment hit the highest level in more than four and a half years. researchers at analytics form the conference board say the consumer confidence index rose for a third straight month. the numbers rose to 73.7 in november, up from 73.1 in october. that's...
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Nov 21, 2012
11/12
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CNBC
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is that going to help the economy grow or not? taxes on capital, people paid the tax and then you are taxing them again. they will move elsewhere. there will be few er places to work. i would love to see them cut spending back. that is a tax on labor, it is a tax on high income labor and bring in a high revenue. >> you are heard that, what is your take on that one? >> you know, all we are looking to do is raise the capital gains tax to what it was during the clinton years. people built enormous empires and wealth and they didn't go away and they didn't go into other sectors to avoid that capitol gains tax. it was 20%. all we are looking to do is roll back the bush tax cuts which we couldn't afford. and the last ten years are clear evidence that we couldn't afford that. i would put in that he worked well with newt gingrich. but i want to add one point. when you say we need to go back to the clinton tax rates. you have the bamcare taxes. you have a 0.9% payroll tax increase. so you are going to go way past the clinton rates and up t
is that going to help the economy grow or not? taxes on capital, people paid the tax and then you are taxing them again. they will move elsewhere. there will be few er places to work. i would love to see them cut spending back. that is a tax on labor, it is a tax on high income labor and bring in a high revenue. >> you are heard that, what is your take on that one? >> you know, all we are looking to do is raise the capital gains tax to what it was during the clinton years. people...
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Nov 23, 2012
11/12
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FOXNEWSW
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retailers battered by bad economy eeg tear reel them in. steve brown is amidst the crowds in chicago. it doesn't look too bad. >> reporter: let me show what we have got in this one spore temperature this is a kohl's store. it's a midwest chain about it many a substantial entity of its own. it helps consumers stretch a dollar. >> the momentum started off strong and we feel about what's happening right now, it continued throughout the day. there were 500 people this morning so it was exciting to see. >> reporter: how big an indicator is that for your holiday season how well you do today? >>' a great indicator it shows the consumer is looking and liking what we have to offer so we feel great about what this means for the future. >> reporter: do you need to hope this gives you momentum as far as your retail sales the rest of the holiday period? >> it's proven to be the best day of the year and it's an indicator of things to come. >> reporter: you have what's called kohl's cash which helps stretch people's purchasing power. >> for every $50 you
retailers battered by bad economy eeg tear reel them in. steve brown is amidst the crowds in chicago. it doesn't look too bad. >> reporter: let me show what we have got in this one spore temperature this is a kohl's store. it's a midwest chain about it many a substantial entity of its own. it helps consumers stretch a dollar. >> the momentum started off strong and we feel about what's happening right now, it continued throughout the day. there were 500 people this morning so it was...
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Nov 26, 2012
11/12
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friend is a spokesman and welcome to me many crimes and has a successful economy. one of the things we need to change is to get the housing market moving again and i am convinced that as part of the recovery. >> many apprenticeds, the youngest only two pounds 60 an hour so the prime minister could take away benefits from young people who simply cannot live -- >> this government supports the growth of the princessships, under this government on the issue of housing. where there's a problem this needs proper attention. we give some young people the choice today, job-seekers allowance with access to housing benefits. we need to recognize the signals we send in many cases signal to young people. >> this should be the greenest government ever? >> yes it is. establish a green investment bank starting to make lows. >> the prime minister agrees with me, the sportsman at the children's commission did child abuse. the difficult reduced by cero smith -- will the prime minister help these victims by publishing the police files and a short police investigation takes place in to
friend is a spokesman and welcome to me many crimes and has a successful economy. one of the things we need to change is to get the housing market moving again and i am convinced that as part of the recovery. >> many apprenticeds, the youngest only two pounds 60 an hour so the prime minister could take away benefits from young people who simply cannot live -- >> this government supports the growth of the princessships, under this government on the issue of housing. where there's a...
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Nov 21, 2012
11/12
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CSPAN2
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eye 70
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friend is a spokesman and welcome to me many crimes and has a successful economy. one of the things we need to change is to get the housing market moving again and i am convinced that as part of the recovery. >> many apprenticeds, the youngest only two pounds 60 an hour so the prime minister could take away benefits from young people who simply cannot live -- >> this government supports the growth of the princessships, under this government on the issue of housing. where there's a problem this needs proper attention. we give some young people the choice today, job-seekers allowance with access to housing benefits. we need to recognize the signals we send in many cases signal to young people. >> this should be the greenest government ever? >> yes it is. establish a green investment bank starting to make lows. >> the prime minister agrees with me, the sportsman at the children's commission did child abuse. the difficult reduced by cero smith -- will the prime minister help these victims by publishing the police files and a short police investigation takes place in to
friend is a spokesman and welcome to me many crimes and has a successful economy. one of the things we need to change is to get the housing market moving again and i am convinced that as part of the recovery. >> many apprenticeds, the youngest only two pounds 60 an hour so the prime minister could take away benefits from young people who simply cannot live -- >> this government supports the growth of the princessships, under this government on the issue of housing. where there's a...
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Nov 21, 2012
11/12
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FBC
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dagen: given the weakness we have seen in the economy, it could mean that the market will be quite a bit worse next year. >> it could. historically, in an economic expansion that is more than halfway through the normal duration, you know, we end up seeing a decline in that first year. right now, we will be entering the 42nd month of this economic expansion. dagen: what is the technical saying about the strength in the market for? it has been incredibly weak heading up to the election and also after the election? >> maybe we could break back above. really, we will probably not set new recovery highs until we head into 2013. once we get this fiscal cliff and maybe new tax or reform out of the way, people will hope congress will be changing its ways. dagen: let's keep hoping on that one. sam, thank you very much. sam stovall of s&p. connell: one of the biggest days for traveling at the airport. jeff flock is live at o'hare in chicago with more on all of this. jeff: the old perfect storm. a foggy day on a busy travel day. this woman is getting ready to do a broadcast on the fox news chan
dagen: given the weakness we have seen in the economy, it could mean that the market will be quite a bit worse next year. >> it could. historically, in an economic expansion that is more than halfway through the normal duration, you know, we end up seeing a decline in that first year. right now, we will be entering the 42nd month of this economic expansion. dagen: what is the technical saying about the strength in the market for? it has been incredibly weak heading up to the election and...
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Nov 21, 2012
11/12
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FBC
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she will spend that money in the economy. in fact much she will spend a lot of that extra raise at the retail store that employes are. so our study models the effect. basically, you can think of lower-paid employees as job creators when we give them a wage boost. increasing gdp if we assume that companies decide to only pass on about half of the cost of the increased peril. you're looking a $12 billion. melissa: i totally hear what you're saying that that money does not come out of thin air. it comes from the company. they they have dead take it from other workers. >> here is the good news. we have some real-life companies that we can compare, companies that pay better wages than the counterparts. costco has nearly double the sales per employee and sam's club, which is the wholesale club owned by walmart. this has been studied by folks at mit, harvard business school, wharton business school. when you staff appropriately, customers are happy and unhappy customers spend more money. melissa: they also have to charge higher pric
she will spend that money in the economy. in fact much she will spend a lot of that extra raise at the retail store that employes are. so our study models the effect. basically, you can think of lower-paid employees as job creators when we give them a wage boost. increasing gdp if we assume that companies decide to only pass on about half of the cost of the increased peril. you're looking a $12 billion. melissa: i totally hear what you're saying that that money does not come out of thin air. it...
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Nov 21, 2012
11/12
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two years ago, obama looked at the economy and said the economy is so bad, we should extend all of the tax rates and have not a tax increase. the economy is not any better than two years ago. one of the resting places might be to extend it out six months, a year, two years, four years, and focus on other things because there is not an agreement here. >> but republicans and speakers have already put tax revenue on the table. does that make the pledge not to raise taxes now meaningless? >> what he said was that he supports the idea of revenue have economic growth and tax reform as part of getting revenue for the government. we need to do that. revenue today is at an all-time low because the economy is so bad. we have 10 million fewer people working than if we have a reagan-style recovery. obama's recovery has 10 million unemployed people. more jobs, more people working, more revenue. that is what boehner said a year ago, that he wanted to do in some sort of grand bargain, and that's what he said again. >> but when the speaker came out of the meeting at the white house, he said he was ope
two years ago, obama looked at the economy and said the economy is so bad, we should extend all of the tax rates and have not a tax increase. the economy is not any better than two years ago. one of the resting places might be to extend it out six months, a year, two years, four years, and focus on other things because there is not an agreement here. >> but republicans and speakers have already put tax revenue on the table. does that make the pledge not to raise taxes now meaningless?...
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and the economy, unfortunately, reluctantly because our economy is based so much on consumers and black friday reluctantly it is probably good for the economy. >> john: thank you for admitting it. but i do think there are ways we can have smart black friday, number one it doesn't have to be on friday, number 2, buy american products, or even buy supplies and make your own gifts, and the big thing i think is try to keep the money in your community by buying locally. yeah, if you go to wal-mart some of the money will get back into your community, but big picture, that money is mainly going to the walton family. >> i do not shop at wal-mart, will not shop at wal-mart as a personal standpoint. >> john: right on. but if you buy american that is patriotic and that's something we all can be thankful for. governor eliot spitzer coming up next on the "bill press show." ♪ they don't want to do anything about global warming. they just want to shut it down and go home. ed is calling from frederick maryland. what do you say, ed? >> caller: good morning. >> bill: good morning. >> caller: on the rep
and the economy, unfortunately, reluctantly because our economy is based so much on consumers and black friday reluctantly it is probably good for the economy. >> john: thank you for admitting it. but i do think there are ways we can have smart black friday, number one it doesn't have to be on friday, number 2, buy american products, or even buy supplies and make your own gifts, and the big thing i think is try to keep the money in your community by buying locally. yeah, if you go to...